Exhibit 99.1 | --- | --- | |-------|---------------------------------------| | | | | | TELUS CORPORATION | | | CONSOLIDATED FINANCIAL STATEMENTS | | | DECEMBER 31, 2022 | report of management on internal control over financial reporting Management of TELUS Corporation (TELUS, or the Company) is responsible for establishing and maintaining adequate internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting. TELUS' President and Chief Exe ...

TELUS Corporation (NYSE:TU) Q3 2022 Earnings Conference Call November 4, 2022 10:30 AM ET Company Participants Jason Mayr - Senior Director, Investor Relations, and Treasurer Jeff Puritt - President and Chief Executive Officer Vanessa Kanu - Chief Financial Officer Conference Call Participants Ramsey El-Assal - Barclays Tien-Tsin Huang - JPMorgan Stephanie Price - CIBC Capital Markets Divya Goyal - Scotiabank Jesse Wilson - William Blair Keith Bachman - BMO Capital Markets Daniel Perlin - RBC Capital Market ...

TELUS Corporation Second Quarter, 2022 Supplemental Investor Information (UNAUDITED) Financial information presented according to International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) | --- | --- | --- | |------------------------------------------|-----------------------------------------------------------------------|-------| | For further information, please contact: | Table of Contents | | | TELUS Investor Relations | TELUS Corporation | | | 1 ...

Telus Corp (NYSE:TU) Q2 2022 Earnings Conference Call August 5, 2022 12:00 PM ET Company Participants Robert Mitchell - Head, IR Darren Entwistle - President, CEO & Director Douglas French - EVP & CFO Zainul Mawji - EVP & President, Home Solutions and Customer Excellence. Navin Arora - EVP, TELUS Business Solutions Tony Geheran - COO & EVP Jim Senko - EVP & President, Mobility Solutions. Conference Call Participants Maher Yaghi - Scotiabank David Joyce - Barclays Bank Jerome Dubreuil - Desjardins Securities ...

Q1 2022 Investor Presentation % LifeWorks Forward looking statements This document contains "forward-looking statements" within the meaning of applicable securities laws, such as statements concerning anticipated future events, results, circumstances, performance or expectations that are not historical facts. The use of words such as "may," "will," "expect," "believe," or other words of similar effect may indicate a forward-looking statement. These statements are not guarantees of future performance and are ...

Financial Data and Key Metrics Changes - LifeWorks reported an adjusted EBITDA margin of 18.7% for Q1 2022, an increase from 18.5% in Q4 2021 and 18.2% in Q3 2021, indicating a positive trend in profitability [8][45][36] - The company achieved a profit of $14.1 million or $0.20 per share, reflecting a year-over-year increase of 38.1% driven by reduced expenses [45][46] - Normalized free cash flow for Q1 was $26.2 million, consistent with the previous year [46] Business Line Data and Key Metrics Changes - Core mental health and well-being services grew by 5.1%, while absence management business grew over 6% [7][38] - The Retirement and Financial Solutions (RFS) business returned to growth in Q1 after previous declines, with expectations for continued momentum [10][40] - Fee-for-service revenue, impacted by lockdowns, declined by 29% year-over-year, but is expected to improve as economies reopen [38] Market Data and Key Metrics Changes - The LifeWorks platform now supports 7.1 million lives, a 32.7% increase from 5.4 million a year ago, with organizations paying for additional modules up by 56% year-over-year [12] - Microsoft Teams users accessing LifeWorks' platform grew to 140,000, a 40% increase from the previous quarter [13] Company Strategy and Development Direction - The company aims to consolidate and expand its leadership in the mental health and well-being markets, with a focus on accelerating growth through US and global expansion [31][32] - LifeWorks is investing in digital capabilities and plans to evolve its product roadmap to enhance client relationships and improve retention and productivity [25][27] - The strategic plan emphasizes total well-being across mental, physical, financial, and social pillars, with a strong portfolio of recurring revenue businesses [30][33] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in returning to mid to high single-digit revenue growth for the full year, supported by a strong sales pipeline and retention rates [11][65] - The company anticipates that fee-for-service revenue will recover as lockdowns ease and employees return to workplaces [38][84] - Management highlighted the increasing demand for integrated mental health support, with a focus on in-person services as employees seek comprehensive care [18][20] Other Important Information - The company completed its Workday ERP project, contributing to improved earnings quality and lower capital expenditures [37][46] - LifeWorks has won back several significant contracts from clients who previously opted for digital-only competitors, indicating a trend towards in-person support [16][64] Q&A Session Summary Question: Pricing expectations for mental health and well-being business - Management expects to realize $7 to $8 million in higher pricing this year, with a run rate of $15 million by year-end, achieved through targeted client engagement [50][52] Question: Margin performance and salary costs - The decrease in salary costs is attributed to a favorable mix of in-house counselors and operational efficiencies from combining business units [56] Question: Integration of iCBT and efficiency in therapist utilization - The integration of iCBT is expected to enhance efficiency and drive margins by providing a seamless user experience across various mental health services [58][60] Question: Win-backs from digital competitors - Win-backs refer to contracts previously lost to digital competitors, with retention rates remaining high at 95% to 98% [64] Question: Organic revenue growth target for 2022 - The target for organic revenue growth is mid-single digits for the full year 2022, supported by positive sales metrics [65][73] Question: Impact of Omicron on fee-for-service items - The decline in fee-for-service revenue is primarily due to in-person service restrictions during lockdowns, which are expected to recover as conditions improve [82][84]

Financial Performance - TELUS reported total fees billed by Deloitte for 2021 amounted to $10.872 million, a 22.5% increase from $8.877 million in 2020[109]. - Audit fees for 2021 were $2.810 million, representing 25.8% of total fees, compared to $2.415 million or 27.2% in 2020[109]. - Audit-related fees increased to $6.869 million in 2021, accounting for 63.2% of total fees, up from $5.810 million or 65.4% in 2020[109]. - Tax fees rose to $0.834 million in 2021, making up 7.7% of total fees, compared to $0.405 million or 4.6% in 2020[109]. - TELUS generated a total shareholder return of 700% from 2000 to December 2021, outperforming the S&P/TSX Composite Index by 357 points[182]. - As of the start of 2022, TELUS had an enterprise value of $57 billion, a five-fold increase since 2000[182]. - TELUS International's total market value decreased from $1,049.3 million in 2021 to $880.0 million in 2022, representing a decline of approximately 16.2%[185]. Governance and Board Structure - The Board recommends shareholders vote FOR the appointment of Deloitte as auditors, with 99% support from shareholders last year[112]. - 14 out of 15 nominated directors are independent, emphasizing the importance of governance practices[146]. - The current board diversity policy aims for at least 33⅓% representation of women and men among independent directors[151]. - The board consists of 64% of directors with tenure of 0-5 years, indicating a relatively new board composition[149]. - The Rights Plan requires a majority approval from Independent Shareholders to remain effective[143]. - The Corporate Governance Committee considers multiple aspects of diversity when assessing board composition and recommending director nominees[148]. - The Board oversees the development and implementation of the Company's strategic objectives and goals, with corporate priorities reviewed and approved each December[270]. Shareholder Engagement and Rights - The say-on-pay advisory vote received 94% support from shareholders in 2021, indicating alignment with shareholder expectations on executive compensation[116]. - The shareholder rights plan was first adopted in March 2000 and is subject to reconfirmation by shareholders at the annual meetings in 2022 and 2025[119]. - The Rights Plan aims to limit acquisitions exempt from formal take-over bid requirements, ensuring equal opportunity for shareholders[120]. - The Rights Plan became effective at the conclusion of the annual meeting in 2019 and will expire at the conclusion of TELUS' annual meeting in 2028, subject to reconfirmation in 2025[134]. - The Rights Plan allows for competing Permitted Bids, which must meet specific criteria to be valid[138]. Director Compensation and Ownership - The total compensation for directors in 2021 ranged from $249.2 million to $287.4 million, reflecting the diverse expertise within the board[188][192]. - The attendance record for the board meetings in 2021 was 100% for all directors, indicating strong engagement[189][193][196]. - The company targets total director compensation at the 50th percentile of a comparator group, ensuring alignment with market standards[236]. - Directors are required to meet an equity ownership target equal to 3.5 times the annual retainer, which is $875,000, within five years of their appointment[248]. - The annual retainer for non-management directors is structured as $250,000, with 40% in cash ($100,000) and 60% in DSUs ($150,000)[240]. - The market value of vested share-based awards for Dick Auchinleck was $14,087,274, while the total value granted in-year was $1,007,825[253]. Risk Management and Succession Planning - The Audit Committee reviews the enterprise key risk profile and key risk mitigation strategies for top risks each quarter[278]. - The Corporate Governance Committee monitors risks related to the Company's governance structure and processes, including environmental matters and corporate social responsibility[279]. - The Human Resources and Compensation Committee oversees risks associated with executive compensation and succession planning for executive management[280]. - The Board's succession planning process involves ongoing assessment of Board member skills to identify gaps relevant to the Company[286]. - The CEO and Executive Team are responsible for managing climate-related risks and identifying opportunities within the sustainability programs[287]. - The Board prioritizes executive succession planning, assessing candidates on leadership capabilities and operational results[295].

Telus Corp (NYSE:TU) Q4 2021 Earnings Conference Call February 10, 2022 12:00 PM ET Company Participants Robert Mitchell - Head, IR Darren Entwistle - President, CEO & Director Zainul Mawji - EVP, Home Solutions Douglas French - EVP & CFO Navin Arora - EVP, TELUS Business Solutions Jim Senko - EVP, Mobility Solutions Conference Call Participants Jerome Dubreuil - Desjardins Securities Drew McReynolds - RBC Capital Markets Jeffrey Fan - Scotiabank Vince Valentini - TD Securities Simon Flannery - Morgan Stanl ...

TELUS Corporation Third Quarter, 2021 Supplemental Investor Information (UNAUDITED) Financial information presented according to International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) | --- | |-----------------------------------------------------------| | | | For further information, please contact: | | TELUS Investor Relations 1-800-667-4871 ir@telus.com | | www.telus.com | | Ian McMillan (604) 695-4539 | | ian.mcmillian@telus.com | | Robert Mitc ...

TELUS Corporation (NYSE:TU) Q3 2021 Earnings Conference Call November 5, 2021 10:30 AM ET Company Participants Robert Mitchell – Head-Investor Relations Darren Entwistle – President and Chief Executive Officer John Raines – Incoming President-TELUS Agriculture Jim Senko – Executive Vice President-Mobility Solutions Doug French – Executive Vice President and Chief Financial Officer Zainul Mawji – Executive Vice President-Solutions Tony Geheran – Executive Vice President and Chief Customer Officer Conference ...